STAVELY PROJECT
Notice of Tenement Licence Application 006870
On 30 October 2018, Stavely Minerals Limited was formally notified that the Minister for Resources, Tim Pallas, has accepted the Company’s tender in relation to Block 3 (now EL006870) of the Stavely Mineral Exploration Tender. Stavely Minerals applied for EL006870 on 1 November 2018.
EL006870 Location Plan
08 9287 7630
CONTACT US
Head Office
168 Stirling Highway,
Nedlands 6009,
Western Australia.
T +61 (8) 9287 7630
Registered Office
168 Stirling Highway,
Nedlands 6009,
Western Australia
Latest News
Standout Initial Mineral Resource Estimate for the Cayley Lode – 9.3Mt at 1.2% Cu, 0.2g/t Au and 7.1g/t Ag
Cayley Lode Indicated Resources 5.87Mt at 1.04% Cu, 0.23g/t Au and 7.0g/t Ag Cayley Lode Inferred Resources 3.4Mt at 1.6% Cu, 0.2g/t Au and 8g/t Ag
Heavily Oversubscribed Share Purchase Plan Raises $5.3M
Exceptional result exceeds recent $4m placement and underlines strong shareholder support
Successful A$4 Million Institutional Placement And Launch of A$1.5 Million SPP
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Binding commitments received for A$4 million placement (Placement) at A$0.15 per share (Offer Price)
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Launch of share purchase plan (SPP) to raise up to A$1.5 million, at the same price as the Placement
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Net proceeds will be applied to exploration, resource definition drilling and working capital